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Baturina's $2.8 mln suit against depository to be heard on January 12

13:53 16/11/2011

MOSCOW, November 16 - RAPSI, Alyona Yegorova. A commercial court will hear on January 12 a lawsuit filed by Russia's richest businesswoman Yelena Baturina. Baturina seeks to recover $2.81 million in losses from a depository company and other two codefendants, the Russian Legal Information Agency (RAPSI) reported from the courtroom on Wednesday.

Baturina is the head of the Inteco development company and the wife of former Moscow Mayor Yuri Luzhkov.

According to Baturina's lawyer, she owned 100 percent of the shares in an investment fund managed by Alliance Continental. When she requested to sell the shares, the company did not begin the winding-up process as prescribed by law, which inflicted losses on Baturina.

The defendants in the case are Depository Irkol, Irkol and Alliance Continental. The Federal Service for Financial Markets is a third party in the case.

Alliance Continental General Director Alexei Chalenko, who earlier worked as Baturina's assistant in Inteco, was also previously a defendant in the case. However, on Wednesday Baturina's representatives said his name being mentioned among the defendants was a "technical mistake." They added that they no longer have any claims against Chalenko.

The court accepted Baturina's refusal to file a lawsuit against Chalenko and ceased proceedings against him. Chalenko is now a third party to the dispute.

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Baturina's $2.8 mln suit against depository to be heard on January 12

13:53 16/11/2011 A commercial court will hear on January 12 a lawsuit filed by Russia's richest businesswoman Yelena Baturina. Baturina seeks to recover $2.81 million in losses from a depository company and other two codefendants.
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